Comments on: Bush v. Kerry: Economic Teams http://www.outsidethebeltway.com/archives/danieldreznercom_daniel_w_drezner_dont_rush_me_off_the_fence_part_iii/ Online Journal of Politics and Foreign Affairs Wed, 25 Nov 2009 04:18:13 -0600 http://wordpress.org/?v=2.8.5 hourly 1 By: Joseph Marshall http://www.outsidethebeltway.com/archives/danieldreznercom_daniel_w_drezner_dont_rush_me_off_the_fence_part_iii/comment-page-1/#comment-20388 Joseph Marshall Thu, 15 Jul 2004 19:01:27 +0000 /?p=6856#comment-20388 the economy has recovered nicely = the economy has not managed to collapse and stock prices have risen How nice it is depends on whether you have a job, whether you are looking for a job, whether you have ceased trying to look for a job because you have so consistently failed to find one, whether the job you managed to get gives you much less money and no health coverage, whether the job you lost was outsourced to India where it is now being done mariginally worse for much less money, and whether your job was filled out from under you while you serve in the National Guard in Iraq with no health coverage for your stateside family. If none of these things has happened to you, it's ok. Not wonderful, but ok. And whether it's ok or not it is objectively the case that the current president has done virtually nothing to make it even ok, with the possible exception of rehiring Alan Greenspan. He has not even pretended to be doing anything. the economy has recovered nicely = the economy has not managed to collapse and stock prices have risen

How nice it is depends on whether you have a job, whether you are looking for a job, whether you have ceased trying to look for a job because you have so consistently failed to find one, whether the job you managed to get gives you much less money and no health coverage, whether the job you lost was outsourced to India where it is now being done mariginally worse for much less money, and whether your job was filled out from under you while you serve in the National Guard in Iraq with no health coverage for your stateside family.

If none of these things has happened to you, it's ok. Not wonderful, but ok. And whether it's ok or not it is objectively the case that the current president has done virtually nothing to make it even ok, with the possible exception of rehiring Alan Greenspan. He has not even pretended to be doing anything.

]]> By: Boyd http://www.outsidethebeltway.com/archives/danieldreznercom_daniel_w_drezner_dont_rush_me_off_the_fence_part_iii/comment-page-1/#comment-20351 Boyd Thu, 15 Jul 2004 01:46:57 +0000 /?p=6856#comment-20351 I've long held a position that agrees with half of your premise: Presidents can't help the economy a whole lot, but they can damn sure screw it up. And in a right hurry too, I might add. I've long held a position that agrees with half of your premise: Presidents can't help the economy a whole lot, but they can damn sure screw it up. And in a right hurry too, I might add.

]]> By: Daniel W. Drezner http://www.outsidethebeltway.com/archives/danieldreznercom_daniel_w_drezner_dont_rush_me_off_the_fence_part_iii/comment-page-1/#comment-20349 Daniel W. Drezner Thu, 15 Jul 2004 01:41:55 +0000 /?p=6856#comment-20349 <strong>Don't rush me off the fence, part III</strong> Brad DeLong and Daniel Gross make compelling cases for me to get off the fence on the Kerry side of the yard. Their argument? The Kerry economic team beats the Bush economic team. Brad links approvingly (yes, approvingly!!!) to a... Don't rush me off the fence, part III
Brad DeLong and Daniel Gross make compelling cases for me to get off the fence on the Kerry side of the yard. Their argument? The Kerry economic team beats the Bush economic team. Brad links approvingly (yes, approvingly!!!) to a...

]]> By: Bill Hoshor http://www.outsidethebeltway.com/archives/danieldreznercom_daniel_w_drezner_dont_rush_me_off_the_fence_part_iii/comment-page-1/#comment-20337 Bill Hoshor Wed, 14 Jul 2004 23:52:58 +0000 /?p=6856#comment-20337 I agree for the most part Presidents do not have a control over the economy. Though you are right trade plays a huge role in long term growth and it also plays a role in inflation, the more open trade is the easier it is for the monetary policy price control , which is it's major objective. The other big thing that a president has that can do good or major damage to the economy is regulation. This again for the most part Clinton stayed away from most of the really bad heavy regulation on us until he was impeached. It was after that impeachment and the Far Left stood by his side that he started imposing more onerous regulation on the country. It also has much to do with deflating the bubble and the slow down at the end of his watch. The Ecomony was not into recession until early 2001 though it had been decelerating for close to a year before that. Clinton also put in many last minute regulatory polices that were very bad and Bush still has not stopped enough of them. I agree for the most part Presidents do not have a control over the economy. Though you are right trade plays a huge role in long term growth and it also plays a role in inflation, the more open trade is the easier it is for the monetary policy price control , which is it's major objective. The other big thing that a president has that can do good or major damage to the economy is regulation. This again for the most part Clinton stayed away from most of the really bad heavy regulation on us until he was impeached. It was after that impeachment and the Far Left stood by his side that he started imposing more onerous regulation on the country. It also has much to do with deflating the bubble and the slow down at the end of his watch. The Ecomony was not into recession until early 2001 though it had been decelerating for close to a year before that. Clinton also put in many last minute regulatory polices that were very bad and Bush still has not stopped enough of them.

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